Monday, December 5, 2022
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Public Sector Bank News

Lower bad loans push PSU banks’ profitability in June quarter

Public Sector Banks (PSBs) have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend

PSBs shut down 2,044 branches and about 13,000 employees in FY’22

Public Sector Banks (PSBs) saw a reduction of 2,044 branches and about 13,000 employees in 2022 over the previous year, bank employees union AIBEA said

Brij Mohan Sharma is the new Executive Director of Canara Bank

Brij Mohan Sharma, who was serving as Chief General Manager in Punjab National Bank, has assumed charge as Executive Director of Canara Bank with effect from May 19

Indian Overseas Bank gets shareholders’ nod for capital infusion of Rs 4,100 crore

Indian Overseas Bank (IOB) in an Extraordinary General Meeting held on Thursday has obtained its shareholders' nod for the issuance of 246.54 crore equity shares to the government for the capital infusion of Rs 4,100 crores

PNB incorporates new subsidiary ‘PNB Cards & Services Limited’ for its credit card business

Punjab National Bank (PNB) has incorporated a new wholly-owned subsidiary company named ‘PNB Cards & Services Limited’ for the credit card business of the bank

Central Bank of India announces appointment of 2 Executive Directors

Central Bank of India has announced the appointment of two Executive Directors, Vivek Wahi and Rajeev Puri, on its Board

Indian Bank Board approves disinvestment of bank’s shares in ASREC India Ltd

The Board of Directors of state-run Indian Bank has given its approval to the disinvestment of the bank’s shares in ASREC India Ltd

Indian Overseas Bank gets Rs 4,360-cr capital infusion from the govt

Indian Overseas Bank (IOB) on Saturday said that it has received a capital infusion of Rs 4,360 crore from the government

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